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Fed Lie Of The Day
In what has to be the most disingenuous bullshit comment of the day, Fed's Rosengren appears to have re-written history in his lame attempt to justify the Fed's in-action at the last FOMC Meeting. His comment:
- *ROSENGREN: WEAK DATA, FISCAL DISRUPTION WARRANTED TAPER DELAY
Is a total lie... 1) US Macro data had reached its highest in a year in the data preceding the decision, and 2) the government shutdown and debt-ceiling both happened well after, and only after the infamous Cruz filibuster focusing on Obamacare, which the Fed certainly had no idea was coming.
US Macro data - weak?
Does this look like a market that was worried about "fiscal disruption"?
If anything, the Fed's decision to not taper served as the reason why government thought it could shut down: after all stocks, pardon the Fed's balance sheet, had just hit an all time high so what really was the downside.
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Rosengren lies? He fits right in.
The macro data is all a lie so it is a bit of a challenge to cover up one pile of lies with another..
Eventually your nose grows so long that someone or something chops it off.
This is a discredited FED trying to show it had foresight and knowledge. All they can do is issue PR statements to influence the market. And now that they can't influence it going forward, they're hoping they can do so in hindsight.
Seems awfully desperate, AFAIC.
Maybe he's seeing different macro data than we are. You know... before the manipulation. Maybe he's really giving something away here. (Like the "template" comment)
An economist and an astrologer are arguing about their subjects.
The astrologer says, "Astrology is more scientific. My predictions come out right half the time. Yours can't even reach that proportion".
The economist replies, "That's because of external shocks. Stars don't have those"
Perhaps Rosengren hopped on over to Shadowstats, found out the real deal, showed Ben, and he is actually telling the truth.
Bernanke and company are absoutely correct that that economic data came in that didn't bode well for the taper.
However, it is data that is occulted from the masses, so he can't very well tell the rabble what it is or else more people might cash that clue-pon.
Let me help out those who don't follow this occulted data. Unfortunately, Denninger's website is down so I can post the latest chart data that shows the key data, but I can post the overal chart and explain the key data that caused the Fed to do what it did in order to push the ultimate collapse back a little bit further.
US Organic GDP Trend Analysis
http://www.keepandshare.com/doc/6458432/us-organic-gdp-trend-analysis-48...
Go to Q4, 2007 on the chart time scale axis and note what happened - marginal debt issuance (blue line) began to collapse. It took some time, but that debt collapse eventually led to an economic collapse. Fast forward to the far right of the chart - do you see the blue line trending up - meaning marginal debt growht on a quaterly basis?
In a debt based monetary system, it is necessary to continue to increase debt or else the whole system collapses.
What happened in 2007? Marginal debt growth contracted at a substantial rate and continued down until the economy collapsed.
What would be our warning sign now? A similar debt growth contraction to the one observed in 2007.
I haven't updated the chart yet, but that's EXACTLY WHAT HAPPENED on the latest data. Debt growth collapsed at a rate similar to that seen in Q4, 2007.
THAT'S WHAT BERNANKE SAW AND HE KNOWS WHERE IT LEADS.
But he won't tell you because that chart shows how the Fed command and controls the public debt in to counteract the action of the private debt in order to hit an exponential debt growth target.
What did you learn about exponential debt growth in the 5th grade?
It is unsustainable, BY DEFINITION.
Crash Course Chapter 3 Exponential Growth by Chris Martenson YouTube
https://www.youtube.com/watch?v=rLEHQeFhDcE
Crash Course Chapter 4 The Power of Compounding by Chris Martenson YouTube
https://www.youtube.com/watch?v=Dm1nDDuHqIU
The Federal Reserve is truly a Den of Vipers, but in this case they really did have a good reason to delay the taper if their goal was to kick cans a bit longer.
The problem now is that there never wil be good time to taper from here on out.
Credit crunch directly ahead.
While most here think this means straight to hyperinflation, I am certain they are wrong simply because the decision makers won't decide to wipe out their trillions in debt holding and money assets.
They will orchestrate a spike pit deflation that will bust the debtors.
Creating a deflationary spiked pit on the way to serious or hyperinflation benefits the banksters as follows:
1. They convert their trillion in debt holdings to hard assets through foreclosure.
2. Their trillions in cash hoard will buy up 5x as much when they get to pay 20 cents on the dollar for it.
3. The TBTF&Jail competition will be wiped out (think small and regional banks), leaving a TBTF&Jail monopoly over the nation's money supply.
4. The government will brought to its knees before the FINANCE POWER DEBT STAR OPERATIORS. The politicians won't save you or the nation because they are on their payroll.
5. All that government land (national parks, etc...,1/3 of the country), those electric companies, those water companies, those soon to be toll roads) will be transferred to the corporate International Banking Cartel corporate fronts.
Biggest Finance Capital will now DOMINATE the world through their private control of the definition and issuance of money.
The alternative is to hyperinflate away their trillion in cash and turn it into 1 car and have their loan values zero out.
This is elementary stuff, people - shake of the preconditioned perception management that conditioned you into the straight to inflation auto-response.
The good news is the preparation for each event is the same for the vast majority of people.
1. Develop a useful community.
2. Maximize direct control over the necessities of life (water, shelter, food, safety).
I recommend that everyone begin to focus their primary efforts on these two goals because there isn't much time left (according to the chart, between 0 and 2 years or so).
The Fed are an inept bunch of cretins - their dirty tricks continue unabated. Their manipulation of PM's should be both punished and outlawed. They are causing economic destruction around the world with their Zirp and other policies, all being carried out in the hope of preserving the US dollars status. It's high time for a new world order and currency reserve (as in gold ) to be introduced.
The Fed is running a genius operation - at least their ultimate controllers are.
Until you understand that, you have no idea what game board you are on, let alone the rules of the game.
Oath is so yesterday
Bullshit! The non taper in September was a pre-emptive move against this government shutdown/debt ceiling "roil". Good news is that taper is back on with avengance in January.
They lie so much they don't know how to tell the truth any longer
George Costanza: "Jerry, just remember, it's not a lie if you believe it."
I'm beyond sick and tired of this fucking bullshit. This piece of shit "market" is never going to crash. !
Correct. But something bigger and better is coming: A US government failure of some sort, either by foreigners showing the middle finger, or pompous elected officials letting their ego get in the way.
The market isn't real, so forget about a market crash. Focus on how other nations are moving away from Fed bucks and influence.
Yes yes exactly right.
The illusion means nothing. That some deft illusionist created an illusion also means nothing. Do not focus on the illusion, because that is it's only purpose, to draw your attention away from the fact that everyone is running in a panic and the entire circus is on fire.
Well. That explains the funny smell.
Quite right nope1004 - the Fed is not only acting irresponsibly , they are covering up their stupidity with lies . They are digging their own grave with all their futile attempts to support the dollar. If us guys on ZH can see through their bullshit , every country in the world have too - and China ,as the largest US bond holders , are really pissed off . The US $ days as we know it are coming to an end .
Very hard to make any kind of forward looking financial decisions when the lies coming out of the fed are this misleading.
Small businesses will look more carefully at each and every investment decision they make, while trying to allow margin to factor in the official lies and what they mean for the future.
He didn't mean the macro economy, he meant the macro players! Keep up Tyler. They need our help.
I don't think the Fed had a choice. It's not about the government; there is some very dangerous shit going down out there. They are trying to land a jet with only one set of landing gear down. The economy is going to pancake, belly in nose down, very ugly. Can't be stopped, cannot even be slowed, all they can do is try and keep the thing from blowing itself to rat shit.
Fasten your mutherfukn seatbelts. It's on now and nobody is getting off without the scare of their life at least.
While Noah is building the ark, people are still buying farmland. Go figure.
That part of the deal is very necessary. They must avoid a general panic at all costs, for as long as possible. People here on ZH will say "oh they are lying to us debt-slaves so we'll go buy iPads on credit" and while there is a little of that going on to be sure, that is not what they are doing.
They must at all times create the illusion of normalcy so that people can continue to believe that they have a viable future doing exactly (and no more than) what they know how to do already.
That part is absolutely 100% all the time all day every day Job One. The amount of terror that will engulf the western world when this shitstorm arrives is going to be mind-numbing. Especially in America. The entire world is watching us like we were the crazy dishevelled guy screaming in the middle of the street -- with an ax. There are so many really bad ways for America to melt down it should make your blood run cold. Not the least likely of which is the rise of a nationalist Fascist political movement. The fabled Fourth Reich only this time with nuclear weapons, three generations of entitled and self-important obese ass clowns to feed, and a large standing army.
History is not helping us here. We are tottering on the knife edge of insanity and there is nobody can help us now but ourselves.
You hit the nail on the head. When the time is right they will remove the government tit for the simple reason that there is no longer any milk.
I guess the key is to live milk free before the cut off begins. Although, this will not be a pathway to survival it should increase the odds.
...what left is there to say?
There are NO accidents. This is a plan being implemented point by point. Another year of Yellen destroying the country and driving debt that WILL ENSLAVE generations to come, to end America.
Only light is at least it is no mystery to most here. And there may be time to do something.
You don't save the plane by taking it up another 50,000 feet. Your strategy is that if the Fed can't save everyone then it should kill everyone except for the .1%.
The plane analogy I used was probably not the best, but sticking with it let me say that it probably doesn't matter from what height the thing pancakes into the runway. Gone is gone, in this context. How long it takes or from what lofty height won't change anything in the end when everyone has to jump off into a hostile land with no chance ever of taking off again least of all reaching a promised destination.
Credibility is not a prerequisite for an opinion...
Neither is aptitude to be a FED member.
True...
On the front page right now:
THEY LIE! THERE'S NO RECOVERY
THEY LIE! THE ECONOMY IS RECOVERING!
May we have your attention please......
due to Overwheling Demand, purchases of MBS and Bonds will be extended as long as supplies last.........
Don't wait too long, supplies are unlimited and this special offer will be repeated as often as needed
God has arrived today. I saw him standing out in front of the 711 on Lincoln Blvd across from Staple's this morning.
Bullish, according to CNBC.
I'm afraid this guy is a cocksucker. What can I say it's the most offensive thing I can say about him. Sorry.
I cannot tell a lie. Everything I say is a lie.
Remember, it's not a lie if you believe it.
George Costanza
"If anything, the Fed's decision to not taper served as the reason why government thought it could shut down"
and of course a shutdown was something Obama and Boehner desparately needed to have happen if they were to acheive their joint objective of isolating and then castrating the Tea Party
good job Speaker Boehner and congrats Mr. President.
So now Representative Cruz and Senators Paul and Rubio, the ball is back in your court.
Do you bend over and allow Barry and Boehner to have at you, cause if you do McCain, Cantor and Ryan are in line but it gets better - Peter, Mitch and Harry have just ingested some Viagra and Lindsay has asked if he could be last.
or do you step up and take the Elephant off of your lapel and replace it with "Liberty"
And as punishment for getting caught lying and so he'll never lie again, he must now have sex with Yellen. Ahahahahahahahahahahahaha, that makes him a cocksucker now.
In my best Mother Bates voice:
"It's lies. All lies!"
The Fed and the WH laid a trap for the GOP, and it worked perfectly. The whole idea is to demonstrate the fecklessness of the party, and fracture the Teas, so that the victorious Dems can "bring the country together" during the coming Greatest Depression.
"The Fed, the WH and the GOP laid a trap for the Tea Party"
there, fixed it for ya
Look this country has an image problem. The President, (Puppident), is named Oboner. The Head Congresscritter is named Boner, So the two head guys are basically dicks. Not just dicks but erected dicks. This coutry is run by a couple of dicks. That must mean we're fucked.
Unless of course the NSA data center in Utah actually has engaged quantum computing and has paired that with some mutants to form their own pre crime unit ... then the FED really did know about Cruz and the filibuster and the ... etc.
If you are going to lie, go big
i call no way.
.
"fiscal disruption" could include
but not be limited to,
loss of an eye from playing
extreme ping pong in the dark,
to
being photographed naked
gutting a pig with a pair
of craftsmen utility pliers
in the country club
ball room."
.
*t
just sayin'
ABSOLUTELY!! The FED enables ALL bad actions: fiscal, economic, political...as long as they're there to backstop the owners and their "Precious", this $hit will continue until it can't
Rosengren? why is that only Catholics can work at the Fed?????
oh..wait a minute....
Either 1) the Fed's five years of QE has been ineffective, is a failure, and should therefore be halted, or
2) the Fed's five years of QE has been effective, is no longer needed, and shoulld therefore be halted.
Either way, it should be halted forthwith!
MOAR LEVERAGE!!!!
RECOVERY IS ON!!!! IT'S WHAT I READ ON CNBC.
LMFAO!!!!
From purely negotiating strategy and not on the basis of "good" or "bad" for the country the GOP or Tea Party would be stupid to cave. They gain nothing by caving and actually have nothing to lose by holding to their convictions. They are already seen as the problem and when a deal is done Obama will just grind his foot into their necks. If they really want to make any impact or statemtent they would be better off not doing anything until Obama is forced to "negotiate" something and it has to be made public. If it's behind closed doors the MSM will declare Obama the victor and he will depart the field.
They have been and will always be blamed for all the worlds problems and even if they "win" they won't win. Obama and MSM will crush their grapes to the public regardless so they may as well be as disruptive as possible, hang together or they hang separately so to speak. They need to quit playing checkers and start playing chess. Read a little Sun Zhu or something. They now have crossed the beaches to take their oponent on so they have no retreat now it's time to fight til the death. Unless they somehow do not see they are backed into a corner with no way out. When your group is smaller and inferior, agitate where you can and depart. Never fight head to head. My gosh the stupidity of the people in "charge" never ceases to amaze.
Obama, Reid, Pelosi etc.. on the otherhand appears more intent on crushing his political opponent than leading a country. A truly intelligent, powerful leader would be better served as showing some benevolence and being above the frey. But he's incapable of doing that. The dems better be careful what they wish for, the crushing of the GOP. That may give them a few years of being unopposed but one only needs to look at what happened when the US "won" the cold war and watched the political destruction of USSR. As the US patted themselves on the back, ran some victory laps and held the world stage unopposed for a few years they never understood, repsected or saw their new enemies coming. The world would've been better served having the Soviets save some face and held on to what was theirs in my opinion. Something about the devil you know. When there is a power vacuum, someday, somehow a new, more determined and different opponent or opponents will emerge and are impervious to the old ways of fighting. Plus, without the devil GOP and the US economy still sucks and society crumbles all around suddenly you have no one else to blame. At some point your blind zealot followers will no longer have anyone to look to blame but at you.
The final outcome is that in the moment greed for power and the need to be "hero worshipped" is the downfall of all politicians and political parties. There was a time in the mid the 30's the Nazi's had it all and couldn't imagine where their next challenger would come from. They had it all. The control of all government, military, media and citizens yet as is always the case, human behavior and frailty gets in the way. The more you stomp out dissent, keep yes men around the quicker you find yourself hanging upside down in the town square being spit on by the very people that cheered you just a few years ealier. You know it's upon you when you continue to fire or do away with anyone that doesn't agree with your ideology or you strategy. You know when you label your challenger as racist or go on a vast firing spree of the upper echelon of your 3 branches of the military and start wiretapping and threatening journalist. Perhaps even arm twist a Supreme Court Justice or two. You become so paranoid that you view all forms of whistleblowing or peaceful public displays of dissent as treasonous and or against the law. When you start changing economic metrics in order to keep the headline economy from sounding bad or hide inflation. Worry about an armed citizenry more than the way in which the authority deals with the public. When shooting first and asking questions later becomes the accepted practice. Then you write a new Constitution in private with many items redacted as being to sensitive to publicize. When you continuously insult the citizenry condescending to their intelligence or percieved lack thereof, ignore basic human rights to privacy, except for those in government or your inner circle of economic elites. By hook or by crook get your legislation passed even though the majority of people actually oppose because you know best. When the stock answer to questions is in the form of "if you knew what I knew you would understand why we make these decisions. Trust us even though we can't trust you". When you admittedly take a stance that "no good crisis can affford to be wasted". Or when the decision is taken that "if it's truly this bad, we must lie to the people" When stuff like that happens it maybe time to worry. When you need to manipulate inflation, all the while allowing corporations to blatanly decieve customers, being in colusion on "desheeting" their products. When production values of politicians speaking to the public become more important than the message...
When you see any or all of the above actions taken by the authority, it's generally a giant flashing neon sign that is warning you that all is not well and as a citizen you better be damned well prepared for the worst.
Good piece - well said.
interest rate/unemployment.
now add all US/INT'L banks solvency, EM rates, EURO, housing, DOW, GDOW, NAZ, etc. etc. makes sense now right?
No worries, Rosengren isn't a voting member, currently. But when he replaces Yellen as Vice Chair he will be!
This must mean it is serious.